21908 56th Ave W APT D5Mountlake TerraceWA98043
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Mountlake Terrace at 21908 56th Ave W APT D5, Mountlake Terrace, WA, 98043 earns $164/mo cash flow from $2,813/mo rent with a $1,919/mo payment. Total monthly income totals $2,813/mo, and annual cash flow totals $1,971/yr on $129,948 capital. ROI tracks 21.43% on current figures, and rental yield reads 8.61% at a $392,000 purchase. Equity gained on principal adds $2,530/yr, and 5% annual appreciation supports $108,302 over five years. Five-year ROI reaches 111.74% and total cumulative return in cash sums $145,200. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,813/mo property income instead of your personal income.
Condo
Built in 1990
1.13 Acres lot
$N/A/sqft
$292 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98043, Mountlake Terrace, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,432 (100%) |
| Owner Occupied HU | 5,573 (53.4%) |
| Renter Occupied HU | 4,342 (41.6%) |
| Vacant Housing Units | 517 ( 5.0%) |
| Median Home Value | $723,497 |
| Average Home Value | $765,585 |
Housing Distribution
Address Breakdown
Residential
9,582
Single Family
7,490
Multi-Family
2,092
Businesses
569
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